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The Journal · 29 September 2026

Should you buy a new condo or a resale condo in Langley?

The short answerResale, unless the building itself is the point. New condos carried 11.9 months of supply over the year against 5.5 for resale, and sold for $707 a square foot against $606; the median prices were within $7,000 of each other ($520,000 new, $527,000 resale), which is consistent with the new units being smaller (floor area was not measured).
Analysis by Hamish Ross · 29 September 2026 · Data: September 2026 edition (August 2026 data)
The Evidence
MeasureAugust 2026, as read on 5 September
Condo, new build129 sold, median $520,000, $707 a sq ft, 23 days, 98.4% of ask, 11.9 months
Condo, resale690 sold (−17%), $527,000, $606 a sq ft, 26 days, 97.2%, 5.5 months
Under $450,000120 for sale against 56 a year ago, 9.1 months, the slowest condo band
Above $800,0008.0 months to 4.6; the $600,000-plus bands tightened

What is happening

The $100-a-foot premium is what the new-condo shelf is made of. The entry band is the loosest in the township, 120 units under $450,000 for sale against 56 last year, while the larger, dearer condos tightened. Buyers moved up in size, and the small new unit is what is left on the shelf.

What it means

A buyer wanting a one-bedroom has the pick of the market and should say so in the offer. A buyer wanting three bedrooms in a condo is in the one condo segment that grew (up 26%). And a resale two-bedroom a block from the new tower is, on the numbers, the value.

What we are watching nextWhether new-condo completions in Willoughby and Langley City add to the shelf this autumn. The 11.9 months is a twelve-month average and the trend inside it is not down.

Fraser Valley Real Estate Board MLS® August 2026 package, released 2 September 2026; sub-area and twelve-month figures from the board’s database, read 5 September 2026. Benchmarks are the board’s index price, never an average. Analysis: Hamish Ross.

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